The sudden rise comes barely 24 hours after the price of Ethereum plunged and was aided by a plug from the president’s son.

Ethereum hit $2,900 after US President Donald Trump’s son Eric Trump said Ether was a good buy and Donald Trump put a temporary halt on Mexico and Canada tarrifs.

Eric Trump promoted Ethereum on X Monday, drawing criticism from prominent Bitcoin maximalists hours after World Liberty Financial, the DeFi project that the Trump family is closely involved in, moved over $100 million worth of $ETH to Coinbase.

Eric Trump touts Bitcoin as the future of finance amid tariff concerns, predicting it could reach $1 million due to its scarcity.

Bitcoin rose above $98,000 during Thursday's Asian trading hours after Eric Trump, son of U.S. President Donald Trump, encouraged BTC investment on X. "[It] feels like a great time to enter BTC," Eric Trump posted on X at 1:41 UTC,

The region has become a hot spot for the family’s business. Jared Kushner, the president’s son-in-law, noted last year that “Gaza’s waterfront property could be very valuable.”

President Donald Trump’s first major step on Middle East policy when he first took power in 2017 was to repudiate the decades-old U.S. position that peace required the creation of a viable Palestinian state – to visiting Israeli Prime Minister Benjamin Netanyahu’s apparent delight.